Ripple Price Analysis — July 27
Following a rough start to the week, Ripple snapped the bearish streak around $0.3260 yesterday. The cryptocurrency has proceeded to return atop the May trendline, with the $0.3500 - $0.3600 range coming into focus again.
However, the US Fed has delivered a 75 basis points (bps) rate hike in its July FOMC meeting today, posing a strong possibility of a sharp decline in the coming hours. If we fail to see a change in trend (XRP remains unaffected by rate hike announcement) in the coming several hours, we could see an aggressive bullish resumption, with XRP retaking the $0.3600 top.
Meanwhile, my resistance levels are $0.3500, $0.3600, and $0.3700, and my support levels are $0.3400, $0.3300, and $0.3200.
Total Market Capitalization: $1.03 trillion
Ripple Market Capitalization: $16.9 billion
Ripple Dominance: 1.64%
Market Rank: #7
However, the US Fed has delivered a 75 basis points (bps) rate hike in its July FOMC meeting today, posing a strong possibility of a sharp decline in the coming hours. If we fail to see a change in trend (XRP remains unaffected by rate hike announcement) in the coming several hours, we could see an aggressive bullish resumption, with XRP retaking the $0.3600 top.
Meanwhile, my resistance levels are $0.3500, $0.3600, and $0.3700, and my support levels are $0.3400, $0.3300, and $0.3200.
Total Market Capitalization: $1.03 trillion
Ripple Market Capitalization: $16.9 billion
Ripple Dominance: 1.64%
Market Rank: #7
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.